St James's Place Greater European Progressive L

  • 2247.00p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 4172.00p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.92%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.20%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 28 October 2020, fund data last updated 01 November 2001

Fund summary

Sector Europe Including UK
Structure UNIT TRUST
Launched December, 1969
Size £0m
Yield 1.20%
Charging basis
Dividends paid 15 Jan

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.24%
Annual management charge 1.50%
Ongoing charges figure 1.92%

Allocation

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Investment process

The aim is maximum total return by way of capital appreciation and income. The fund invests at least 80% in Europe, including the UK.

Manager research

Average monthly relative returns

  • 15/16 -0.34%
  • 16/17 -0.30%
  • 17/18 -0.06%
  • 18/19 -0.11%
  • 19/20 0.27%

Bestinvest MRI

  • 3 years 0.04%
  • 5 years -0.11%
  • Career 0.12%
  • 3 years 81.60%
  • 5 years 61.40%
  • Career 98.50%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Stuart Mitchell / Ken Broekaert

Mitchell graduated from St Andrews University in 1987 and joined Morgan Grenfell the same year as a graduate trainee under the tutelage of the highly successful John Armitage. He then became a member of the European team specialising in French and Spanish equities, before spending over seven years managing European portfolios for UK pension funds and an offshore European fund. He became one of the youngest ever Directors of Morgan Grenfell Asset Management and ran the European Equity Team of twenty six fund managers in London and Frankfurt from 1996 until leaving in the middle of 1998. He then joined JOHIM in 1998 and managed a number of specialist European portfolios including the Charlemagne Fund and the JOHIM European Fund. In 2005 it was announced that he was leaving JOHIM to set up his own group, Mitchell Capital.

Track record

Stuart Mitchell / Ken Broekaert has 11.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.12%. During the worst period of relative performance (from December 2015 - October 2019) there was a decline of 12% relative to the index. The worst absolute loss has been 18%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 99%.

Periods of worst performance

Absolute -18.00% (July 2019 - March 2020)
Relative -12.00% (December 2015 - October 2019)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2020

.053% Nestle Sa
.0521% Roche Hldg Ag
.0473% Sap Se
.0393% Brenntag Ag
.0389% Novartis Ag
.0363% British American Tobacco
.033% Koninklijke Philips Nv
.0254% Bunzl
.0252% Henkel Ag & Co Kgaa
.0229% Unilever
Source: Trustnet

Sector breakdown

Consumer Staples 23.00%
Health Care 17.00%
Industrials 15.00%
Financials 10.00%
Information Technology 10.00%
Consumer Discretionary 9.00%
Others 6.00%
Communications 4.00%
Energy 2.00%
Materials 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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